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US manufacturing: A remembrance and a look ahead

from NPR

U.S. manufacturing is booming. Customers everywhere want our aircraft, electrical equipment, engines, metal products, chemicals and much more. So in dollar terms, output is at record levels — worth more than $2 trillion. Back in 1964, remembered as a glorious time in our industrial history, factories generated only about $1.3 trillion in inflation-adjusted dollars. Only two other rivals can play in the $2-trillion ballpark: China, which has about four times as many people, and the entire European Union, with more than a half-billion people in 28 countries. more

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